OZ Management LP bought a new position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,824,569 shares of the industrial products company’s stock, valued at approximately $117,147,000. OZ Management LP owned 1.89% of HD Supply Holdings as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in HD Supply Holdings by 42.2% in the second quarter. Principal Financial Group Inc. now owns 2,408,231 shares of the industrial products company’s stock valued at $73,764,000 after buying an additional 714,922 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in HD Supply Holdings by 82.2% in the second quarter. Greenwood Capital Associates LLC now owns 14,808 shares of the industrial products company’s stock valued at $454,000 after buying an additional 6,680 shares in the last quarter. Keybank National Association OH boosted its position in HD Supply Holdings by 31.0% in the second quarter. Keybank National Association OH now owns 11,846 shares of the industrial products company’s stock valued at $363,000 after buying an additional 2,802 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in HD Supply Holdings by 141.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,558 shares of the industrial products company’s stock valued at $4,183,000 after buying an additional 80,034 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in HD Supply Holdings by 11.5% in the second quarter. Pacer Advisors Inc. now owns 30,375 shares of the industrial products company’s stock valued at $930,000 after buying an additional 3,124 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Shares of HD Supply Holdings, Inc. (NASDAQ HDS) traded up 1.40% during trading on Wednesday, hitting $32.60. 231,531 shares of the stock were exchanged. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 22.42 and a beta of 1.41. HD Supply Holdings, Inc. has a 12-month low of $28.97 and a 12-month high of $44.73. The stock’s 50 day moving average is $31.14 and its 200-day moving average is $37.15.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.02. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.

HD Supply Holdings announced that its board has authorized a share buyback program on Tuesday, June 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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Several research analysts recently issued reports on HDS shares. Deutsche Bank AG cut shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Friday, June 9th. J P Morgan Chase & Co raised shares of HD Supply Holdings from a “neutral” rating to an “overweight” rating and set a $36.00 price target for the company in a report on Friday, July 14th. Robert W. Baird cut shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of HD Supply Holdings in a report on Wednesday, June 14th. Finally, Drexel Hamilton cut shares of HD Supply Holdings from a “buy” rating to a “hold” rating and cut their price target for the stock from $50.00 to $37.00 in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.38.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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